Cerro Gordo County Real Estate and Livability Trends
In Cerro Gordo County, Iowa, median home values have climbed from $115,200 in 2015 to $145,200 in 2022, though still trailing behind state and national averages. This growth, coupled with a rise in real estate taxes from $3,002.03 in 2012 to $6,050.00 in 2021, may indicate increased local infrastructure investments and changing property values. The constant level of farm tax returns points to a... Read more
Cerro Gordo County Market Trends
Median home values in Cerro Gordo County, Iowa have risen from $115,200 in 2015 to $145,200 in 2022, though still lagging behind the Iowa state average and the national average. Residential energy tax credits have fluctuated, peaking at $2,400.00 in 2018 before stabilizing around $600.00-$683.33 recently, indicating evolving dynamics in energy investments. Real estate taxes have surged from... Read more
Median Value of Occupied Housing Units in Cerro Gordo County, Iowa Over the Last 8 Years
Median home values in Cerro Gordo County, Iowa have consistently grown over the past 8 years, increasing from $115,200 in 2015 to $145,200 in 2022. While this local growth is promising for investors and residents, it's worth noting that the county's home values are generally lower compared to the Iowa state average, which rose from $129,200 in 2015 to $181,600 in 2022, and the national average, which jumped from $125,500 to $179,400 during the same period. This could suggest potential for appreciating value within the county, making it an attractive area for new developments or investments in a market that displays steady yet less aggressive growth.
Residential Energy Tax Credit Per Tax Return in Cerro Gordo County, IA Over the Last 9 Years
Cerro Gordo County, Iowa has seen a fascinating variation in average residential energy tax credits per tax return over the last nine years. Starting at $334.55 in 2013, the values have fluctuated, peaking dramatically at $2,400.00 in 2018 before stabilizing around $600.00 to $683.33 in recent years. This volatility reflects shifts in energy efficiency investments and incentives, signaling potential opportunities for homeowners and investors keen on sustainable energy solutions.
Average Real Estate Taxes Per Tax Return in Cerro Gordo County, IA Over the Last 10 Years
Cerro Gordo County, Iowa has seen a noticeable uptick in average real estate taxes per tax return over the last decade, with figures climbing from $3002.03 in 2012 to $6050.00 in 2021. This escalating tax trend might suggest a growing investment in local infrastructure or changing property values, potentially affecting decisions for prospective homebuyers, builders, and real estate investors. For insurance agents and appraisers, these changes could reflect shifting risk assessments and property valuations, necessitating a keen understanding of long-term tax developments.
Percentage of Farm Returns in Cerro Gordo County, IA Over the Last 10 Years
Farm tax returns in Cerro Gordo County, Iowa have shown relatively minor fluctuation over the past 10 years, hovering between 3.25% and 3.59%. This steady trend indicates a consistent agricultural presence, which can be a reliable indicator for potential investors or individuals considering relocating to the area. It suggests that agriculture remains an integral part of the local economy, providing opportunities for those interested in farming or agricultural businesses to establish a foothold in this community.
Number of Mortgages by Occupancy Type in Cerro Gordo County, IA Over the Last 5 Years in Cerro Gordo County
Cerro Gordo County, Iowa has shown fluctuating mortgage trends over the past five years. Principal residence mortgages saw a noticeable drop post-2021, while investment property numbers remained relatively stable. Second residence mortgages experienced more variability, peaking in 2020 before declining sharply. These shifts in occupancy types could influence market dynamics, affecting everything from investment strategies to property valuation, risk assessments for insurance, and development planning. Understanding these trends is critical for anyone involved in the local real estate scene or considering relocation to the county.
Economic Outlook
In Cerro Gordo County, Iowa, average taxable income per tax return has generally risen over the past nine years, jumping from $55,058.74 in 2013 to $78,844.12 in 2021. This upward trend hints at improved local economic conditions, potentially attracting investors. Meanwhile, average state and local income taxes have more than doubled from $6,249.38 in 2012 to $14,586.67 in 2021, a trend that might be influenced by increased public spending or tax policy changes. Also noteworthy is the rise in... Read more
Average Taxable Income per Tax Return in Cerro Gordo County, IA over the last 9 years
Over the past nine years in Cerro Gordo County, Iowa, average taxable income per tax return has shown a general upward trend. Starting from $55,058.74 in 2013, it has seen notable surges, most significantly from 2019 to 2021, where it jumped from $64,448.94 to $78,844.12. This increasing trend, particularly the spike in recent years, could potentially indicate improved local economic conditions and may appeal to investors seeking growth opportunities.
Average State and Local Income Taxes Per Tax Return in Cerro Gordo County, IA Over the Last 10 Years
Over the past decade, Cerro Gordo County, Iowa has seen a significant increase in average state and local income taxes per tax return, starting from $6,249.38 in 2012 and rising sharply to $14,586.67 by 2021. This trajectory reflects a broader trend in rising tax liabilities that could impact both current residents and potential investors. Such tax growth could be indicative of increased public spending or shifts in tax policy, making it pivotal for those considering relocation, property development, or investment in the area to factor in these rising costs.
Average Total Tax Liability Per Tax Return in Cerro Gordo County, IA Over the Last 10 Years
Over the past decade, Cerro Gordo County, Iowa has seen a notable increase in average total tax liability per tax return, peaking at $12,542.93 in 2021. After a modest dip in 2013, tax liabilities have generally trended upwards, with significant spikes in 2014 and 2020. This rising tax liability can indicate growing incomes or property values, which might signal an economically expanding region. Investors, potential residents, and property developers might find this trend particularly interesting as it reflects the county's evolving fiscal landscape.
Cost of Living in Cerro Gordo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,080 | $1,516 | $1,777 | $1,165 | $1,217 |
| 1 adult 4 children | $1,080 | $1,238 | $1,358 | $1,165 | $1,354 |
| 2 adults 3 children | $1,080 | $1,239 | $1,542 | $1,165 | $990 |
| 1 adult 3 children | $1,080 | $1,011 | $1,123 | $1,165 | $1,099 |
| 2 adults 2 children | $835 | $1,014 | $1,307 | $1,016 | $859 |
| 1 adult 2 children | $835 | $757 | $888 | $1,016 | $817 |
| 2 adults 1 child | $835 | $801 | $1,073 | $532 | $774 |
| 1 adult 1 child | $835 | $518 | $654 | $532 | $645 |
| 2 adults | $634 | $644 | $838 | $0 | $603 |
| 1 adult | $610 | $351 | $419 | $0 | $526 |
Safety trends & Data
Property crime trends in Cerro Gordo County, Iowa, have shown notable fluctuations, particularly in larceny-theft, which peaked at 290 incidents in 2018 but dropped to 140 in 2021. Arson cases saw a rise from just 1 in both 2018 and 2019 to 6 in 2021, while motor vehicle theft generally increased, with 26 reported incidents in 2021. Vandalism remained consistently high, ranging between 46 and 50 cases annually. These trends could potentially impact interest from investors, developers, and... Read more
Property Crime Trends in Cerro Gordo County, IA Over the Last 5 Years
Property crime trends in Cerro Gordo County, Iowa show significant fluctuations over the past five years, with larceny-theft consistently leading in numbers, peaking at 290 incidents in 2018 and hitting a low of 140 in 2021. Notably, arson saw an uptick from 1 case in 2018 and 2019 to 6 in 2021, while motor vehicle theft showed a general increase, peaking at 26 incidents in 2021. Instances of vandalism remained relatively high and stable, between 46 and 50 annually. These trends may concern potential investors, property developers, real estate agents, and residents, highlighting the importance of robust security measures in the area.
Demographics
Cerro Gordo County, Iowa, sees a slight female majority and significant representation of high school graduates and some college education levels. The age distribution highlights a relatively balanced population across various age groups with a noticeable concentration in the 55-64 year range. Racially, the community remains predominantly White, with smaller percentages of Black, Asian, and other minority groups. These trends together could influence the labor market, educational services, and... Read more
Race Distribution in Cerro Gordo County, Iowa (2022)
Educational Attainment in Cerro Gordo County, Iowa (2022)
Age Distribution in Cerro Gordo County, Iowa
Citizen Population in Cerro Gordo County, Iowa (2022)
Political Trends & Data
Cerro Gordo County's voting behavior in the 2020 U.S. Presidential Election leaned slightly Republican at 52.5%, with Democrats close behind at 46%. Third parties, including Libertarian and Green, had minimal impact, capturing just over 1.5% of votes. This data suggests a primarily two-party dynamic, but the small third-party presence hints at some political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cerro Gordo County, voting patterns revealed a slight majority leaning towards the Republican Party, with around 52.5% of the votes, compared to approximately 46% for Democrats during the 2020 U.S. Presidential Election. Third parties, such as the Libertarian and Green parties, garnered minimal support, collectively capturing slightly over 1.5% of the total votes. These trends might suggest a primarily two-party preference among voters, though the presence of third-party votes indicates some level of political diversity.
52.51% of voters voted for the Republican party in the 2020 Presidential Election
45.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Cerro Gordo County, Iowa has seen its student-to-teacher ratio peak in 2023 at almost 17 students per teacher, higher than the national average of 14. This trend could impact property values, appraisals, and insurance assessments, influencing investments and real estate decisions due to potential changes in educational quality and community appeal. Builders and developers may find both opportunities and challenges in addressing the growing educational needs within the... Read more
Student-to-teacher ratio in Cerro Gordo County, Iowa over the last 10 years
Over the last decade, Cerro Gordo County, Iowa has seen fluctuations in its student-to-teacher ratio, peaking in 2023 at nearly 17 students per teacher, which is notably higher than the current national average of 14. These changes may impact property values and educational quality, which are crucial for potential investors, newcomers, and real estate professionals. Higher ratios could suggest increased demand for educational resources, influencing appraisals and insurance assessments due to perceived shifts in community attractiveness. Additionally, builders and developers might see opportunities or challenges in addressing the growing educational needs within the county.
